Manati Town Core Corner Property - FOR SALE

The Property is currently leased for $2,952.67 per month NNN

Two-story plus basement commercial-office property with a total gross building area of 22,132 square feet lying on a 812 square meter lot.

Two-story plus basement commercial property with a building area of 22,132 square feet. The Property is located in the heart of the Manatí, specifically at Quiñones Street from the town square and lies at walking distance from the public plaza, Catholic Church and the major office. The Manatí town core is comprised mainly of retail establishments and institutional/educational facilities (city hall, the public plaza or town square, churches, schools, medical facilities, public parks and other recreational facilities among others). They lie mainly along Quiñones, Georgetti, Betances, Padial, Eugenio Sanchez López, Celis Aguilera Streets, among others.

Also similarly to other town cores, shopping centers with good parking facilities continue being established outside from the Manatí core creating a strong competition to the commerce in the town core and adversely affecting real estate values (economic obsolescence) within the town core. In addition, the utility of most of the commercial properties in the subject town core as well as other town cores in Puerto Rico is concentrated at the ground floors. Most of the second floors remain unoccupied or are being used marginally for storage purposes.

Tax Code #: 056-022-041-03
Zoning: C-I (Intermediate Commercial)
Coordinates: (Lat: 18.42772098, Lon: -66.49236328)